Northern Shield Finds More Visible Gold in Outcrop at Root & Cellar Gold-Silver-Tellurium Project, Newfoundland
Visible gold (Figure 2a, b) was found 25 metres west of the Conquest Discovery trench (where visible gold has previously been identified) and immediately behind the collar of drill hole 23RC-21, completed last year which also intersected visible gold. Four patches of fine-grained VG were noted in a single sample (Figure 2b) from the outcrop in quartz-hematite veinlets (Figure 1) associated with intense chlorite alteration, coarse pyrite and fine marcasite with the veins cutting a strongly silicified/brecciated unit with abundant marcasite. Although this new occurrence is proximal to drill hole 23RC-21, where VG was previously noted, the mineralization styles are different suggesting multiple mineralization phases. Colloform-crustiform, banded, quartz veins (Figure 3) were also noted in the outcrop. Assays are pending.
"All datasets, and recent studies, conclude that this area is the upper most portion of an up-flow zone of an epithermal system, which includes remnant sinter material. Sinters typically form above or adjacent to epithermal vein deposits. It is unusual to see so much gold at the sinter level of an epithermal system and its relative abundance here bodes well for what could be found deeper in the system. A sub-vertical IP chargeability anomaly coinciding with a magnetic low feature, underlies this area with the geophysics and surface sampling suggesting that this target is just one "branch" of a much larger epithermal vein system."
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Technical information in this news release was reviewed and approved by
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